Dean Investment Associates LLC Raises Position in Viavi Solutions Inc. (NASDAQ:VIAV)

Dean Investment Associates LLC lifted its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 189.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 280,239 shares of the communications equipment provider's stock after purchasing an additional 183,481 shares during the quarter. Dean Investment Associates LLC owned about 0.13% of Viavi Solutions worth $2,528,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in Viavi Solutions by 65.2% in the second quarter. Bank of New York Mellon Corp now owns 3,290,197 shares of the communications equipment provider's stock worth $22,604,000 after acquiring an additional 1,298,394 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Viavi Solutions by 12.8% during the second quarter. Dimensional Fund Advisors LP now owns 5,818,337 shares of the communications equipment provider's stock worth $39,972,000 after buying an additional 661,450 shares during the last quarter. Westwood Holdings Group Inc. grew its holdings in shares of Viavi Solutions by 9.2% during the second quarter. Westwood Holdings Group Inc. now owns 7,203,703 shares of the communications equipment provider's stock valued at $49,489,000 after buying an additional 606,522 shares during the last quarter. Leeward Investments LLC MA increased its position in shares of Viavi Solutions by 17.1% during the third quarter. Leeward Investments LLC MA now owns 1,705,653 shares of the communications equipment provider's stock worth $15,385,000 after acquiring an additional 249,554 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Viavi Solutions by 7.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,194,959 shares of the communications equipment provider's stock worth $28,819,000 after acquiring an additional 217,399 shares during the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on VIAV. UBS Group assumed coverage on Viavi Solutions in a research note on Tuesday, November 19th. They set a "neutral" rating and a $10.60 price target for the company. Needham & Company LLC reaffirmed a "hold" rating on shares of Viavi Solutions in a research report on Friday, November 1st. StockNews.com raised Viavi Solutions from a "hold" rating to a "buy" rating in a research report on Friday. Rosenblatt Securities lifted their price objective on shares of Viavi Solutions from $8.25 to $10.50 and gave the stock a "neutral" rating in a report on Friday, November 1st. Finally, Northland Securities increased their target price on shares of Viavi Solutions from $11.00 to $13.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.44.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, EVP Paul Mcnab sold 5,920 shares of the firm's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $8.45, for a total value of $50,024.00. Following the completion of the transaction, the executive vice president now owns 34,545 shares in the company, valued at $291,905.25. This trade represents a 14.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Masood Jabbar sold 15,000 shares of Viavi Solutions stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $8.20, for a total value of $123,000.00. Following the transaction, the director now directly owns 228,514 shares of the company's stock, valued at $1,873,814.80. The trade was a 6.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 53,949 shares of company stock valued at $489,511 over the last three months. 1.52% of the stock is currently owned by insiders.

Viavi Solutions Stock Performance

Shares of Viavi Solutions stock traded up $0.02 on Monday, reaching $10.49. 920,661 shares of the company traded hands, compared to its average volume of 1,767,070. The company has a 50 day moving average of $9.70 and a 200 day moving average of $8.45. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.71 and a quick ratio of 3.31. Viavi Solutions Inc. has a 52 week low of $6.60 and a 52 week high of $11.32. The firm has a market capitalization of $2.33 billion, a PE ratio of -61.70 and a beta of 0.92.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The communications equipment provider reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. Viavi Solutions had a positive return on equity of 2.22% and a negative net margin of 3.78%. The business had revenue of $238.20 million during the quarter, compared to analyst estimates of $240.09 million. During the same period in the prior year, the company earned $0.05 earnings per share. Viavi Solutions's revenue was down 3.9% compared to the same quarter last year. Equities analysts forecast that Viavi Solutions Inc. will post 0.19 earnings per share for the current year.

Viavi Solutions Profile

Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.